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The S&P 500 was up 0.4% in midday trading to 2,097.84.

The Dow Jones Industrial Average was up 0.3% to 17.979.57.

The NASDAQ was up 0.5% to 5,084.25.

The yield on a 10-year Treasury bond fell 2.2% to 1.78%.

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The price of gold was flat at $1,308.

REAL ESTATE

Two Orange County home builders were up after reporting higher income and revenue this morning.

Newport Beach-based William Lyon Homes was up 7.7% to $18.11 and a $574 million market cap. It earned $13.1 million in net income on $342.6 million in revenue, up 8% and 40%, respectively

Aliso Viejo-based New Home Co. Inc. was up 8.2% to $10.46 and a $217 million market cap. It had net income of $5.5 million on revenue of $178 million. Net income was up 25%, revenue was up 105%.

The two reporting companies drew OC builders higher.

Irvine-based CalAtlantic Group Inc. was up 3.4% to $32.11 and a $3.8 billion market cap. Irvine-based Tri Pointe Group Inc. was up 3.6% to $10.93 and a $1.8 billion market cap.

CalAtlantic and Tri Pointe reported earnings in previous weeks.

TECHNOLOGY

Santa Ana-based Universal Electronics Inc., was down 12.6% to $60.08 and an $870 million market cap. The maker of remote controls reported net income of $7.8 million on revenue of $169.2 million for its most recent quarter. Revenue missed analysts’ expectations.

RESTAURANTS

Costa Mesa-based El Pollo Loco Holdings Inc. was down 12% to $10.77 and a $413 million market cap. The fast food chicken chain earned $5.2 million in net income on $95.8 million in revenue. The company missed analysts’ revenue expectations.

SERVICES

Anaheim-based Willdan Group Inc. was up 5.7% to $17.20 and a $143 million market cap. The engineering services firm had net income of $2.5 million on $58.7 million in revenue in its most recent quarter compared with net income of $800,000 on revenue of $33.5 million year-over-year. Willdan’s share price has doubled year-to-date.